02341cas a2200301 a 4500 AALejournalIMF022370 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513589930 1018-5941 BD-DhAAL BD-DhAAL Eugster, Johannes. The Impact of Environmental Policy on Innovation in Clean Technologies / Johannes Eugster. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies the effect of climate change mitigating policies on innovation in clean energy technologies. Results suggest that the tightening of environmental policies since the early 1990s have made a statistically and economically significant contribution to the increase in clean innovation. These effects generally materialized quickly, within 2 to 3 years of the policy change, and were driven by individually significant marginal effects of both market-based policies - such as feed-in tariffs and trading schemes - as well as non-market policies, such as R and D subsidies or emission limits. Looking at electricity innovation in particular, the paper finds that the estimated effect on total innovation is positive on net, meaning that increased innovation in clean and grey technologies is not offset by a decrease in innovation in dirty technologies. From a policy point of view, the paper's results call for strong policy efforts to decisively shift innovation towards clean technologies. Mode of access: Internet Climate Change Mitigation, Innovation and Environmental Policies imf Climate imf Global Warming imf Management of Technological Innovation and R and D imf Natural Disasters and Their Management imf IMF Working Papers; Working Paper ; No. 2021/213 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/213/001.2021.issue-213-en.xml IMF e-Library